JAKARTA. PT Buyung Poetra Sembada Tbk (HOKI) has invested capital in PT Koki Sehat Sejahtera (KKS), a business entity operating in the food processing industry and large goods trade.

Victor R. Lanes, Corporate Secretary of HOKI, said that the capital was provided through one of the company's subsidiaries, namely PT Hoki Distribusi Niaga (HDN). The total investment disbursed was IDR 67 million for 13,400 KKS shares.

"With PT HDN's capital participation in PT KKS, 40% of PT KKS stake is owned by PT HDN," said Lanes, through information disclosure on the Indonesia Stock Exchange (BEI).

Lanes added that HDN's capital participation in KKS will increase HDN's income opportunities. Indirectly, this is believed to be able to drive consolidated company revenue growth.

According to idnfinancials.com data, HOKI had cash and cash equivalents of IDR 10.23 billion as of June 30 2023. The company's total assets were recorded at IDR 884.64 billion and its total equity was IDR 669.74 billion. (KR/LM)